Written by Los Angeles District Attorney Jackie Lacey:
One in five seniors has been the victim of a financial crime. Some lose money to fraudulent loan investment schemes and others fall prey to crooked telemarketers, phony charities and dishonest contractors.
It happened to my mother. A man called and told her he was a police officer and that her grandson was in jail. He told my mother that she needed to wire money overseas. He also told her not to tell anyone. If she did, his criminal activity certainly would have been uncovered. If this can happen to my mother, it can happen to anyone.
I am committed to prosecuting these cases and making sure criminals are punished. But I also want to prevent these kinds of financial crimes before they happen. The best way to stop fraud is through education.
Seniors and their families can reduce their chance of becoming victims by being informed and following basic rules to protect themselves. This information includes tips on fraud prevention that are simple but effective.